Microsoft approves new $60 billion share buyback program
The tech giant declared a quarterly dividend of $0.83 per share, reflecting an 8 cent, or 10%, increase over the previous quarter. In July, the company said it will spend more this fiscal year on AI infrastructure. It reported a 77.6% rise in capital spending in the quarter ended June 30, largely due to AI-related expenses.
Microsoft launches $60 bln share buyback program
Microsoft recently announced that its board has approved a new share buyback program valued at up to $60 billion. In addition, the company declared a quarterly dividend of $0.83 per share, marking a 10% increase over the previous quarter’s dividend.
A fiscal year (FY) is a 52- or 53-week period that a company or government uses for budgeting and accounting purposes and as a schedule for its financial statements.
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